Posted February 10th, 2012
by George Lewis
John Hancock Financial, one of Colorado’s largest insurance companies, recently raised rates for long-term care coverage significantly. Some consumers saw increases as high as 90%, while other saw increases of half that number. The rate hikes have sparked the ire of consumers who say that these new rates are excessive. The state’s Department of Insurance is not being inundated with complaints concerning the matter, though regulators claim that the rates are somewhat justified.
Long-term care insurance provides coverage for those that must take advantage of nursing homes or various types of in-home care. Thi
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Tags: Consumers, Hancock Financial, John Hancock, John Hancock Financial Posted in Insurance News
Posted February 3rd, 2012
by George Lewis
Relying on a life insurance policy that’s provided by your employer can be a costly expense in the long run. It seems to be convenient since the policy is usually low cost or free but it often does not provide sufficient coverage if you ever need to use it.
With the instability of the economy; your policy is only in effect as long as you are employed. If something were to happen where you lose your job or switch employers, you lose the benefits of that policy. If you are starting a new job, there is usually a certain time frame you have to wait before becoming eligible for a new employer’s policy.
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Tags: Employer, Life Insurance Posted in Insurance News
Posted January 7th, 2012
by George Lewis
The Australian government has announced that meeting its own recommendations for disaster insurance in the wake of the floods in Queensland early last year. The floods that hit the region last year cost thousands of people their homes and put an end to several businesses. There are still scores of people struggling to rebuild, nearly a year after the catastrophe. When flood waters came in, the nation’s insurers were quickly overwhelmed in terms of claims and insured losses. The government had to step in, but it too struggled to mitigate the damage of the disaster.
Queensland residents can expect to see major rate hikes on their insurance policies in the coming months. S
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Tags: Catastrophic Floods, Floods Posted in Insurance News
Posted December 29th, 2011
by George Lewis
Did you know that not all life insurance policies are the same? It’s worth taking note, when it comes to life insurance, it pays to understand the differences between policies so you can choose the policy that fits your specific needs and situation.
Not Your Parents’ Life Insurance
Before we talk about how life insurance policies work today, let’s take a look backwards. When your parents started work, they probably began paying on a term life insurance policy offered through their employer.
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Tags: Insurance Policies, Life Insurance, Life Insurance Policies, Same Posted in Insurance News
Posted November 27th, 2011
by George Lewis
Hiscox, a specialty insurance company, has launched a new line of terrorism insurance geared for health care providers, hospitals and researchers. Hiscox claims that this is the first insurance product of its kind to be offered in the U.S. It would seem that such insurance coverage would fit well in a nation that has been on heightened awareness for terrorism for the past 10 years. However, no major attack has occurred on U.S. soil since September 11, 2001. Whether Hiscox’s new insurance offering will be successful in light of this fact is yet to be seen.
Hiscox believes that most health care institutions in the U.S. a
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Tags: Care, Health Care, Terrorism Insurance Posted in Insurance News
Posted November 23rd, 2011
by George Lewis
We hear from consumers all the time who are confused about life insurance rates and are looking for guidance on how to properly compare rates. The fact of the matter is there is no secret approach. In order to truly select the best life insurance available for your needs, you’ll need to spend the time to shop around and compare.
At Efinancial we have developed a platform designed to simplify this process. When you visit Efinancial.com, you’ll find one stop shopping; allowing you to compare rates from top rated carriers. If you have questions, our licensed life insurance advisors can help assess your needs and select the life insurance policy that’s right for your family and you.
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Tags: Compare, Insurance Rate, Life Insurance, Life Insurance Rate Posted in Insurance News